5 Affordable Projects In Hyderabad

Hyderabad is one of the best Indian cities. In Mercer's Quality of Living Report 2015, Hyderabad's rank is 138, and this is better than the performance of Pune, Chennai and Bangalore. The city had good educational institutions. Some of the best educational institutions in India, such as Tata Institute of Fundamental Research Hyderabad, Osmania University, Indian Institute of Technology and Symbiosis International University are in Hyderabad. Google is building its second largest office in the world in Hyderabad. IT firms like IBM, Infosys Technologies Limited, Tata Consultancy Services, and Sonata Software have offices in Hyderabad. Hyderabad's airport is one of the best in the world. So, demand for real estate in Hyderabad has been rising in the recent past.  Investing in apartments in Hyderabad is a good idea, because prices are likely to rise in the future.

PropGuide lists five affordable projects in Hyderabad.

Modi Properties Paramount Avenue  

Modi Properties Paramount Avenue is in Kushaiguda, Hyderabad. The price of apartment units range from Rs 6.7 lakh to Rs 24.2 lakh. Modi Properties Paramount Avenue is spread over two acres. It will be ready for possession by 2017. The size of the apartment units range from 335 sq ft to 1,210 sq ft. There are 132 apartment units in the project, in 1, 2 and 3 BHK size configurations. You can purchase apartment units directly from the developer. The amenities in the project include a gymnasium, a swimming pool, a children's play area, a clubhouse, landscaped gardens, 24 x 7 security system, power back up facility, a jogging track and car parking spaces. Kushaiguda real estate witnessed a boom from 1990s onward.

Must Read: Investments Ring In Hyderabad, Real Estate Demands A Push From Authorities

Rajiv Swagruha Sadbhavana  

Rajiv Swagruha Sadbhavana is a project that offers affordable flats in Pocharam. The price of apartment units range from Rs 10.7 lakh to Rs 32.9 lakh.  These apartments are ready for possession. The total area of the project is 30 acres. The project offers 742 apartment units. The size of the apartment units range from 523 sq ft to 1,606 sq ft. The price of units range from Rs 10. 7 lakh to Rs 32.9 lakh. Apartment units can be purchased through the developer, or through resale. Some of the amenities offered includes a swimming pool, a children's play area, a club house, rain water harvesting system, 24 x 7 security, a jogging track, power backup, landscaped gardens, a gymnasium and intercom facility. The locality has both commercial and residential projects. Infosys has built a 447 acres campus in Pocharam, and this has raised property prices.

Prajay Engineers Gulmohar 

Prajay Engineers Gulmohar offers apartment units that are priced between Rs 12.7 lakh and Rs 18.1 lakh. The project is in Vanasthalipuram. It offers ready-to-move-in apartments. It is spread over an area of 25 acres. The size of the apartment units range from 635 sq ft to 905 sq ft. There are 40 apartment units in the project, in 1 and 2 BHK size configurations. These can be purchased through the builder or through resale. Some of the amenities offered are a gymnasium, a swimming pool, a children's play area, a club house, intercom facility, landscaped gardens, 24x7 security system, rainwater harvesting system, indoor games facility, landscaped gardens and a jogging track. In the past six months, property prices in Vanasthalipuram have risen by 12.5 per cent.

Celebrity Prime Uber Heights 

Celebrity Prime Uber Heights offers apartment units that are priced between Rs 32.4 lakh and Rs 39.9 lakh. It is situated in Serilingampally, Hyderabad. The project is currently under construction. The size of apartment units range from 1,001 sq ft to 1,531 sq ft. The project is spread over an area of 0.8 acre. There are 108 apartment units in this project. These can be purchased through the developer or through resale. Some of the amenities include a gymnasium, a children's play area, a clubhouse, rainwater harvesting system, 24x7 security system, power backup facility, landscaped gardens, maintenance staff and a swimming pool. The project offers apartment units in 2 BHK and 3 BHK size configurations. There are many IT companies in Serilingampally, and this has led to a rise in real estate prices.

Edifice Projects Tulip

Edifice Projects Tulip offers apartment units that are priced between Rs 26.3 lakh and Rs 40 lakh. These are situated in Manikonda, Hyderabad. The project is under construction. There are 10 apartment units in the project. The size of the flats range from 1, 053 sq ft to 1, 600 sq ft. The project is spread over an area of 0.02 acres. You can purchase them through the developer or through resale. Apartment units are available in 2 and 3 BHK size configurations. Manikonda is well connected to nearby cities through an excellent road network. TGSRTC (Telangana State Road Transport Corporation) buses run through Manikonda, connecting it to regions like Uppal Kalan, Secunderabad, Sangareddy, Warangal and Mahbubnagar.